Live updates: Oil prices soar as Iran names new supreme leader, attacks continue

What to Know

• Mojtaba Khamenei, the son of Iran’s slain supreme leader, has been named his successor. 
• Trump said the spike in oil prices will be “short term” and “a very small price to pay.”
• The U.S. military announced another service member’s death, bringing the combat death toll to seven.
• Iranian Foreign Minister Abbas Araghchi rejected calls for a ceasefire, telling NBC News’ “Meet the Press” that his country must “continue fighting for the sake of our people.”
• At least 940 have been killed by Israeli and American strikes, Iranian state media reported. 11 have died in Israel as Iran fired back.